EIB and Kreditanstalt für Wiederaufbau (KfW) meet in Luxembourg to discuss stronger partnership

A high level KfW delegation led by Chief Executive Officer, Dr. Günther Bräunig, and including four of the five KfW Board members, visited the European Investment Bank yesterday to hold talks with EIB President Werner Hoyer, Vice-President Ambroise Fayolle and senior EIB representatives.

Discussions were held on numerous joint initiatives including those on Venture debt financing, the Mutual Reliance Initiative and the Connecting Europe Broadband Fund (CEBF). CEBF, which is expected to be signed shortly, will support largely Greenfield broadband projects that are small in size and have a higher risk across the EU, as well as Iceland and Norway.

Participants also discussed how to further strategic cooperation between the two organisations both inside and outside the Union, and agreed to hold regular high level meetings during the calendar year to strengthen their partnership. 

In the spirit of increased cooperation, the leaders of both organisations have agreed to prepare a joint flagship proposal ahead of the 2018 World Bank/IMF Meeting in Bali in Autumn 2018.

This was the second high level meeting since Dr Bräunig took over as CEO of KfW on the 1st of January 2018. The first took place in Frankfurt at the end of January.